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GLOBAL MARKETS-Shares grind higher, yen rebounds on minister's remarks
Reuters* Global equity markets continue to climb * Yen gains on minister's comments, rise seen temporary * Gold gains after longest losing streak in four years * Oil rebounds, rises above $105 a barrel (Adds oil settlement prices, updates prices) By Herbert...Tags: Ryanair Holdings Plc, Government Debt, Stock Market, Lisle, Money and Monetary Policy
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Ryanair propels European shares to five-year highs
Reuters* FTSEurofirst 300 up 0.3 percent * Travel and autos the top sectoral gainers * DAX outperforms, IBEX lags on technical signals * Miners drag as metal prices weaken By Alistair Smout LONDON, May 20 (Reuters) - European shares reached new five-year...Tags: Ryanair Holdings Plc, Travel, Air Transportation Industry, BMW, Trips and Vacations
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Yen higher after Japanese minister discourages further drop
ReutersNEW YORK (Reuters) - The yen climbed back from a 4-1/2-year low against the dollar on Monday after Japan's economy minister suggested the currency might have weakened enough. The economy minister, Akira Amari, said the yen's excessive strength had...Tags: Labor Markets, Politics, Unemployment Benefits, Inventories, Boston Marathon
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GLOBAL MARKETS-Shares grind higher, gold pauses from big losing streak
Reuters* Global equity markets continue to climb * Yen gains on minister's comments, rise seen temporary * Gold gains after longest losing streak in four years * Oil rebounds, rises above $104 a barrel (Adds opening of U.S. markets, changes dateline; previous...Tags: Stock Market, Government Debt, Lisle, Money and Monetary Policy, Japan
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South African wage demands send rand to four year low
Reuters* Main mining union NUM seeks wage hikes of up to 60 pct * Gold companies' shares drop, rand also under pressure * Threat of mines unrest is headache for ruling ANC * NUM rival AMCU now dominates tense platinum sector By Ed Stoddard JOHANNESBURG, May...Tags: Government, Politics, South Africa, National Government, Casino and Gambling Industry
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Exclusive: South Africa's NUM seeks 15-60 percent wage rises from gold, coal producers
ReutersJOHANNESBURG (Reuters) - South Africa's National Union of Mineworkers said it would seek pay rises of up to 60 percent from gold and coal producers, raising the prospect of fresh strikes as firms battle higher costs and falling prices in an already heated...Tags: Coal, Gold Fields Limited, AngloGold Limited, South Africa, Mining
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Hopes fade for those still trapped in Freeport Indonesia mine
ReutersJAKARTA (Reuters) - Freeport McMoRan Copper & Gold Inc said on Saturday that rockfalls were hampering rescue efforts after a tunnel collapse four days ago at its giant Indonesian copper mine, with hopes fading of finding alive any of the 23 still missing....Tags: Physiology, Indonesia, Metal and Mineral, Jakarta (Indonesia)
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Alaska Gold Miners Remain Optimistic Despite Dropping Gold Prices
Channel 2 NewsThe price of gold has been dropping for six days as of Friday and local miners say the declines haven't dampened their optimism. The Alaska chapter of the Gold Prospectors Association of America spent part of Friday teaching Anchorage area sixth graders...Tags: Metal and Mineral, Mining
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Hedge funds selling gold after propping market a month ago
ReutersNEW YORK (Reuters) - Hedge funds and other big speculators in commodities have started selling gold in a big way, trade data showed on Friday, just a month after they had supported the precious metal amid a record tumble in its price. Money managers,...Tags: Money and Monetary Policy, Metal, Casino and Gambling Industry, Mutual Funds, Marketing
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Hedge funds back to selling gold after propping market a month ago
Reuters* Money managers pull $1.4bln from COMEX gold in May 14 week * Traders see another $200 to $300 drop in gold price By Barani Krishnan NEW YORK, May 17 (Reuters) - Hedge funds and other big speculators in commodities have started selling gold in a big...Tags: Marketing, Finance, Money and Monetary Policy, Metal and Mineral, Metal
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COMMODITIES-Up broadly on strong US economic data; gold slumps
Reuters* Oil, copper up on strong US consumer sentiment, stock market * Corn up too on less sales by farmers focused on planting * Gold at 1-month low as Fed pressured to end US stimulus By Barani Krishnan NEW YORK, May 17 (Reuters) - Oil and copper prices...Tags: Stock Market, Consumers, Casino and Gambling Industry, Non Ferrous Metal, Thomson Corporation
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GLOBAL MARKETS-US dollar soars, stocks set new highs on Fed QE exit talk
Reuters* Fed's Williams says stimulus reduction could start this summer * U.S. consumer sentiment rises to nearly six-year high * U.S. dollar index hits nearly three-year high * Dow, S&P 500 surge to record closing highs By Herbert Lash NEW YORK, May 17...Tags: Stock Market, Consumers, Dow Jones Industrial Average, Nasdaq Composite, Stock Activities
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